Kosba, Ahmed E. and Miller, Andrew and Shi, Elaine and Wen, Zikai and Papamanthou, Charalampos (2016) Hawk: The Blockchain Model of Cryptography and Privacy-Preserving Smart Contracts. In: IEEE Symposium on Security and Privacy, San Jose, CA, USA.
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Abstract
Emerging smart contract systems over decentralized cryptocurrencies allow mutually distrustful parties to transact safely without trusted third parties. In the event of contractual breaches or aborts, the decentralized blockchain ensures that honest parties obtain commensurate compensation. Existing systems, however, lack transactional privacy. All transactions, including flow of money between pseudonyms and amount transacted, are exposed on the blockchain. We present Hawk, a decentralized smart contract system that does not store financial transactions in the clear on the blockchain, thus retaining transactional privacy from the public's view. A Hawk programmer can write a private smart contract in an intuitive manner without having to implement cryptography, and our compiler automatically generates an efficient cryptographic protocol where contractual parties interact with the blockchain, using cryptographic primitives such as zero-knowledge proofs. To formally define and reason about the security of our protocols, we are the first to formalize the blockchain model of cryptography. The formal modeling is of independent interest. We advocate the community to adopt such a formal model when designing applications atop decentralized blockchains.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Main Topics > Blockchain Projects > BloSSom 2019 Main Topics > Security Main Topics > Smart Contracts |
| Divisions: | Computer Science |
| Depositing User: | Unnamed user with email richard.dabels@uni-rostock.de |
| Date Deposited: | 04 Sep 2019 16:33 |
| Last Modified: | 04 Sep 2019 16:33 |
| URI: | http://blossom.informatik.uni-rostock.de/id/eprint/60 |
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